Shaunak Shastree, General Manager of International Gemological Institute, explains why diamonds are a good investment compared to gold.
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See more videos at https://gulfnews.com/videos
Read more Gulf News stories here: https://bit.ly/2HLJ2km
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#UAEnews #diamonds #business
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NewsTranscript
00:00Diamonds are uniquely praised because each diamond is unique, at the same time they have
00:07a lot of value.
00:08A diamond can definitely be investment and it's something which has a huge emotional
00:12value to the consumers.
00:14So a diamond is uniquely placed for being both an investment as well as an emotional
00:19gift.
00:23Going into the future, the diamonds as an investment criteria is all set to go much
00:29much higher.
00:30It's because in the past nearly about three decades there have been no new investments
00:33in diamond mines.
00:34Natural diamonds are quite rare, of course most people know that, but with no new investments
00:40happening and actual cost of mining is skyrocketing up, it's not going to be a supply which we'll
00:47get more often.
00:48So diamonds as an investment is definitely something which has a huge upside because
00:53there's not going to be any much supply happening.